Debt

The following table summarizes our long-term debt obligations, net of current maturities:



($ in millions)	September 30, 2013		December 31, 2012
Euro note A, due 2013	$	—	$	26.9
Term loan, due 2014	0.1		0.2
Series B floating rate notes, due 2015	25.0		25.0
Euro note B, due 2016	82.6		80.8
Capital leases, due through 2016	0.5		0.7
Revolving credit facility, due 2017	80.3		71.5
Term loan, due 2018	41.7		35.3
Note payable, due 2019	0.4		—
Series A notes, due 2022	42.0		42.0
Series B notes, due 2024	53.0		53.0
Series C notes, due 2027	73.0		73.0
Convertible debt, due 2047	1.4		3.1
	400.0		411.5
Less: current portion of long-term debt	18.9		32.7
	$	381.1	$	378.8

Please refer to Note 11, Debt, to the consolidated financial statements in our 2012 Annual Report for additional details regarding our debt agreements.

During the first quarter of 2013, we used a portion of our multi-currency revolving credit facility to repay our Euro note A that matured on February 27, 2013. At September 30, 2013, we had $80.3 million in outstanding borrowings under this facility, of which $5.1 million was denominated in Yen, $28.4 million in Euros and the remainder in USD. At September 30, 2013, $16.8 million of the outstanding borrowings was classified as current and $63.5 million was classified as long-term. Of the total amount outstanding as of December 31, 2012, $5.7 million was classified as current and $65.8 million was classified as long-term.

In February 2013, upon settlement of our new corporate office and research building, we borrowed $42.8 million under a $50.0 million revolving credit facility, which was immediately converted to a five-year term loan due January 2018. A portion of the loan was used to pay the $35.3 million in outstanding obligations at December 31, 2012 related to the construction and acquisition of this new building. Borrowings under the loan bear interest at a variable rate equal to one-month LIBOR plus a margin of 1.50% percentage points. At September 30, 2013, $41.7 million was outstanding under this loan, of which $2.0 million was classified as current. Please refer to Note 4, Derivative Financial Instruments, for a discussion of the interest-rate swap agreement associated with this loan.

In addition, during the nine months ended September 30, 2013, we repurchased $1.7 million in aggregate principal amount of our 4.00% Convertible Junior Subordinated Debentures due 2047 (the “Convertible Debentures”). As a result, we recognized a pre-tax loss on debt extinguishment of $0.2 million, the majority of which represented the premium over par value. Following the repurchase, $1.4 million principal amount of Convertible Debentures remains outstanding.